Jiak Kim and Fourth Avenue see benchmark bids at tender close

SINGAPORE (Dec 5): The residential sites at Jiak Kim and Fourth Avenue sites saw benchmark prices set for both locations at the close of tenders on Tuesday.

This was achieved despite the government flagging the risk of excessive exuberance in the property market.

In the case of Jiak Kim site, the top bid of $1,733 psf ppr placed by Frasers Centrepoint is the highest unit land price achieved on a per square foot basis for government land sites sold, excluding commercial and white sites.

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